Flat White

Budget 2021: the dregs of the Labor party

10 May 2021

4:00 AM

10 May 2021

4:00 AM

At the start of the seventies, Kim Beazley Senior told an ALP conference “When I joined the Labor Party, it contained the cream of the working class. But as I look about me now, all I see are the dregs of the middle class.”  Beazley Senior died in 2007, but were he were alive today, he would laugh in the knowledge that the Liberal Party has become the home for the dregs of the Labor Party. 

It is recorded that Malcolm Turnbull tried to join the Labor Party to get endorsement for a parliamentary run.

But while Turnbull was a Labor Party reject, it appears that the current Liberal Party has since take a different path. Instead of picking up the personnel dregs of the Labor Party, it has now become home for the Labor Party’s intellectual and policy dregs. 

On Tuesday 11 May 2021, Treasurer Josh Frydenberg will deliver the budget.  It will be a big spending, big government and big deficit budget.  There will be a lot of slogans and clapping and “here here’s” from the government benches but it will be devoid of any policy substance, reform or imagination.  It will be lacking any tangible efficiency measures and it will be missing opportunity for the retreat of the avaricious growth of the state leviathan. 


It will bear no resemblance to a Hawke-Keating budget or a Howard-Costello budget. It will be even worse than a Rudd-Swan budget. It will be the intellectual and policy dregs of the Labor Party.  In some respects, it may even be the bong water of the Australian Greens. 

There will be buckets of additional money thrown at middle class welfare, correction childcare programs.  There will be top ups to regional slush funds.  There will be industry rescue packages which will b more like bail outs of and gifts to corporate grifters.  The “announcables” will be packages of a size and nature that the Labor Party would be too embarrassed to propose.   

The size of the deficit, the size of the debt, the size of the public service would make even Julia Gillard cringe with embarrassment and Wayne Swan look like a fan of fiscal austerity. 

The Commonwealth Government’s debt will approach $1 trillion, or approximately $40,000 for every man, woman, child and non-hetronormative person on our shores. 

Tuesday’s budget may be delivered under a Liberal banner, but it will be, in reality, the dregs of the Labor Party. And dregs that the youth of Australia will have to pay for generations to come.

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